Pursuits
Retailer Deb Blames ‘Old, Tired Stores’ for Bankruptcy
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Womenswear retailer Deb Stores Holding LLC joined clothing chains including Loehmann’s Inc. and Coldwater Creek Inc. in filing for bankruptcy, saying a shortage of capital left it with “old, tired stores.”
The Philadelphia-based operator of Deb Shops sought Chapter 11 protection today in Wilmington, Delaware, with plans to close some stores and sell inventory if it can’t find a buyer for the business. The company specializes in juniors “fast fashion” and offers moderately priced clothing, accessories and shoes for young women. As of Sept. 30, it had 295 locations, according to court filings.